WallStSmart

Codere Online US Corp (CDRO)vsFlutter Entertainment plc (FLUT)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Flutter Entertainment plc generates 7990% more annual revenue ($17.02B vs $210.41M). CDRO leads profitability with a 0.6% profit margin vs -2.2%. FLUT earns a higher WallStSmart Score of 49/100 (D+).

CDRO

Avoid

32

out of 100

Grade: F

Growth: 8.0Profit: 6.0Value: 4.0Quality: 5.0
Piotroski: 2/9Altman Z: 0.91

FLUT

Hold

49

out of 100

Grade: D+

Growth: 6.7Profit: 3.0Value: 5.7Quality: 3.5
Piotroski: 3/9Altman Z: 1.29
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

Intrinsic value data unavailable for CDRO.

FLUTSignificantly Overvalued (-24.4%)

Margin of Safety

-24.4%

Fair Value

$115.99

Current Price

$107.80

$8.19 premium

UndervaluedFair: $115.99Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

CDRO2 strengths · Avg: 9.5/10
Return on EquityProfitability
30.1%10/10

Every $100 of equity generates 30 in profit

Debt/EquityHealth
0.149/10

Conservative balance sheet, low leverage

FLUT3 strengths · Avg: 8.7/10
PEG RatioValuation
0.1910/10

Growing faster than its price suggests

Price/BookValuation
2.1x8/10

Reasonable price relative to book value

Revenue GrowthGrowth
17.4%8/10

17.4% revenue growth

Areas to Watch

CDRO4 concerns · Avg: 3.3/10
Price/BookValuation
12.9x4/10

Trading at 12.9x book value

Market CapQuality
$410.59M3/10

Smaller company, higher risk/reward

Profit MarginProfitability
0.6%3/10

0.6% margin — thin

Operating MarginProfitability
2.6%3/10

Operating margin of 2.6%

FLUT4 concerns · Avg: 2.8/10
Operating MarginProfitability
2.3%3/10

Operating margin of 2.3%

Debt/EquityHealth
1.393/10

Elevated debt levels

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Return on EquityProfitability
-5.5%2/10

ROE of -5.5% — below average capital efficiency

Comparative Analysis Report

WallStSmart Research

Bull Case : CDRO

The strongest argument for CDRO centers on Return on Equity, Debt/Equity.

Bull Case : FLUT

The strongest argument for FLUT centers on PEG Ratio, Price/Book, Revenue Growth. Revenue growth of 17.4% demonstrates continued momentum. PEG of 0.19 suggests the stock is reasonably priced for its growth.

Bear Case : CDRO

The primary concerns for CDRO are Price/Book, Market Cap, Profit Margin. A P/E of 301.0x leaves little room for execution misses. Thin 0.6% margins leave little buffer for downturns.

Bear Case : FLUT

The primary concerns for FLUT are Operating Margin, Debt/Equity, Piotroski F-Score.

Key Dynamics to Monitor

CDRO profiles as a value stock while FLUT is a growth play — different risk/reward profiles.

FLUT carries more volatility with a beta of 1.09 — expect wider price swings.

FLUT is growing revenue faster at 17.4% — sustainability is the question.

FLUT generates stronger free cash flow (153M), providing more financial flexibility.

Bottom Line

FLUT scores higher overall (49/100 vs 32/100) and 17.4% revenue growth. Both earn "Hold" and "Avoid" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Codere Online US Corp

CONSUMER CYCLICAL · GAMBLING · USA

Codere Online Luxembourg, SA, operator of online games and sports betting in Latin America. The company is headquartered in Luxembourg.

Flutter Entertainment plc

CONSUMER CYCLICAL · GAMBLING · USA

Flutter Entertainment plc is a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, Italy, and internationally. The company is headquartered in Dublin, Ireland.

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